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With an equity release scheme there are typically no monthly repayments required. The loan is repaid when the house is finally sold, which usually happens on your death or when you move into long term care. If you have a partner, he or she could remain in the home, since both partners obtain the right to stay in your home for as long as you wish. There is commonly the possibility to repay the loan early, but some providers apply an early repayment charge in that case.